Chemicals, Plastics & Packaging

Customized Solutions. Superior Execution.Unparalleled Results.

Western Reserve’s professionals have extensive experience in the chemicals, plastics and packaging industries, having executed more than 65 transactions at a collective value of over $3 billion in the following sectors:

Coatings & Sealants

Commodity & Specialty Chemicals

Containers & Packaging

Plastics

Specialty Materials

Representative Experience

OSMOSE HOLDINGS, INC.

Western Reserve served as the exclusive investment banker to Osmose Holdings, Inc. in its sale to funds managed by Oaktree Capital Management, L.P. Western Reserve also rendered a fairness opinion to the Board of Directors of Osmose in connection with the transaction.

Founded in 1934 and based in Buffalo, New York, Osmose operates in three business segments:

Oaktree, headquartered in Los Angeles, California, is a leading global investment management firm focused on alternative markets, with $77.9 billion in assets under management as of March 31, 2012.

James Spengler, President and Chief Executive Officer of Osmose, will continue to serve in the same capacity along with Osmose’s existing management team. “Osmose has built very strong brand recognition and a solid reputation for innovative products and services, excellent customer service, best in class safety performance and good growth prospects across all its business segments which attracted Oaktree to seek a partnership with management to pursue strategic growth plans. Oaktree can provide substantial additional resources and is committed to investing in Osmose to help us expand our product and service offerings and to better meet and exceed our customers’ expectations,” said Mr. Spengler.

Ian Schapiro, Oaktree Managing Director, said, “We are delighted to have the opportunity to invest in Osmose and to provide the Company with additional resources and capabilities to expand its product and service offerings, invest in additional research and development, and deliver superior customer service. We look forward to working with Osmose’s world-class management team to continue to build on the Company’s success.”

Leading the transaction for Western Reserve were Managing Directors Ralph Della Ratta and Joseph Carson, supported by Vice President Rebecca White, Associate David Helsel and Analysts Courtney Downs and Matthew Francati.

“Osmose and Oaktree are leaders in their respective fields, and we are honored to have worked with such fine organizations,” said Mr. Della Ratta. “We look forward to watching Osmose take its success to the next level with the help of a financial partner.”

Of working with Western Reserve, Mr. Spengler said, “Western Reserve provided tremendous support and guidance throughout the transaction. They had a nuanced understanding of the deal’s complexities and impartially advised Osmose’s Board each step of the way. Our shareholders recognize the value that Western Reserve added and thank them for their unwavering dedication.”

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The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.The testimonials are not paid and are not indicative of future performance or success.

INTERWRAP

Western Reserve Partners served as the exclusive investment banker to InterWrap in its recapitalization by Quad-C.

Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a private investment firm investing in well-established middle market businesses. Quad-C professionals act as the corporate development partners for their portfolio companies to assist in taking the business to the next level. The transactions provide liquidity for owners, capital for corporate growth and significant equity opportunities for key members of management. They provide long-term, patient capital and seek to build value over a number of years, not overnight.

“I am thrilled that our recapitalization with Quad-C will enable us to continue providing our customers with the highest quality products and customer service they have come to expect from InterWrap, while aggressively pursuing growth opportunities to expand our business,” said Dave Shokar, co-owner of InterWrap.

Of working with Western Reserve, Rob Milne, the other co-owner of InterWrap, said, “Western Reserve did an exceptional job providing us with insight and quality advice throughout the process. Their support and guidance was integral to the successful completion of this transaction. Dave and I recognize the value that Western Reserve added and thank them for their unwavering dedication.”

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The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.The testimonials are not paid and are not indicative of future performance or success.

GALAXY ASSOCIATES, INC. (PORTFOLIO COMPANY OF RIVER CITIES CAPITAL FUNDS)

Western Reserve acted as exclusive financial advisor to River Cities Capital Funds in the sale of its portfolio company, Galaxy Associates, Inc., to DuBois Chemicals, Inc., a portfolio company of The Riverside Company.

Founded in 2002, Cincinnati, Ohio-based Galaxy Associates is a leading provider of specialty and performance-driven chemicals used in critical processes in the industrial, transportation and pulp and paper industries. Products and services include coolants, lubricants and pretreatment chemicals used in metalworking and metal finishing; truck wash chemicals and truck washing systems; and deposit control and felt cleaning chemicals used in paper manufacturing. River Cities Capital Funds, also based in Cincinnati, is one of the most active and experienced venture funds investing in the Midwest and Southeastern United States, with more than $400 million under management and over 75 investments over the past fourteen years.

Leading the transaction for Western Reserve were Managing Director Joseph Carson and Director Charles Aquino, supported by Associate David Helsel and Analyst Alex Trouten. On merging the entities, Mr. Aquino said, “Galaxy’s combination with DuBois represents a unique, synergistic fit that provides an outstanding result for Galaxy’s shareholders and a compelling growth platform for the company and its employees. We are very excited for their combined futures.”

Glen Mayfield, Managing Director and Co-Founder of River Cities Capital Funds, said of Western Reserve’s involvement, “Western Reserve provided excellent service and delivered significant value to Galaxy’s shareholders. Their knowledge of our industry and attention to detail at every turn were essential to the success of this process.”

Galaxy President Bill Oeters added, “I cannot thank Western Reserve enough for their help and support. The entire team played a pivotal role in each phase of the process and worked diligently to ensure the best outcome for our various stakeholders.”

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The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.The testimonials are not paid and are not indicative of future performance or success.

LESCO, INC. (MANUFACTURING AND DISTRIBUTION OPERATIONS)

Western Reserve acted as financial advisor to LESCO, Inc. (NASDAQ: LSCO) in the sale of its manufacturing and distribution operations to Platinum Equity Partners, LLC.

LESCO, headquartered in Cleveland, Ohio, is the largest provider of products for the professional turf care segment of the green industry. The company’s consumable turf care manufacturing and distribution operations represented nearly 80% of LESCO’s annual net sales.

In an effort to improve shareholder value, LESCO’s Board of Directors engaged Western Reserve to divest the company’s manufacturing and distribution operations. This would enable LESCO to harvest its working capital and utilize the proceeds to invest in its retail operations, pay down debt and return cash to shareholders. Management could then execute on a focused, highly profitable professional retail strategy that should be well received by Wall Street.

LESCO’s manufacturing and distribution operations were acquired by Platinum in October 2005. Platinum, a Los Angeles, California private equity firm, was selected based on its recognized track record of success in corporate carve-outs, shared vision for the business and unique expertise in creating supply chain efficiencies. In conjunction with the transaction, LESCO secured a long-term supply arrangement with Platinum for the manufacturing and distribution of its turf care products on favorable terms.

LESCO President and Chief Executive Officer Jeffrey Rutherford said, “The entire Western Reserve team did a terrific job in a very complex transaction. We greatly valued their creativity, strategic advice and execution capabilities.”

In May 2007, Western Reserve acted as financial advisor to LESCO in its sale to Deere & Company (NYSE: DE).

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The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.The testimonials are not paid and are not indicative of future performance or success.

LA’SZERAY TECHNOLOGY INC.

Western Reserve Partners served as the exclusive investment banker to La’szeray Technology, Inc. in its recapitalization by management and an undisclosed investor. The transaction was led by Western Reserve’s Managing Partner Ralph Della Ratta and Vice President Matthew Mueller of the firm’s Industrial Group, supported by Analysts Matthew Francati and James Petersen.

La’szeray is an integrated manufacturer of quality, custom injection molded components and highly engineered tooling. Headquartered in North Royalton, Ohio, La’szeray offers a full suite of value-added services, working with customers from initial product concept through completion. La’szeray serves customers operating in a diverse range of industries, including consumer, aerospace, military and healthcare.

“La’szeray is a true entrepreneurial success story. The company’s technological leadership, exceptional customer relationships and remarkable track record of growth since its founding in 1998 are a testament to Ray Seuffert’s leadership, the strength of the management team and the dedication of the company’s employees,” said Mr. Della Ratta. “It has been a pleasure working with La’szeray, and we are excited to introduce a new partner that will allow the company to continue building upon its success.”

“I am thrilled that our recapitalization will provide us with greater opportunities to continue to grow and provide our customers with the high-quality products and exceptional customer service they have come to expect from La’szeray,” said Raymond Seuffert, La’szeray’s founder and CEO. “I am grateful for the guidance and insight Western Reserve provided in working with us to find an excellent business partner who will allow La’szeray the opportunity to achieve its long term goals.”

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The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.The testimonials are not paid and are not indicative of future performance or success.

MYERS INDUSTRIES, INC. (WEK INDUSTRIES, INC. SUBSIDIARY)

Western Reserve Partners served as the exclusive financial advisor to Myers Industries, Inc. (NYSE: MYE) in the sale of WEK Industries, Inc. to Toledo Molding & Die, Inc. (“TMD”), a portfolio company of private equity firm Industrial Opportunity Partners.

WEK Industries is a provider of engineered blow molded components and assemblies to the automotive industry. With locations in Jefferson, Ohio and Reidsville, North Carolina, WEK was a part of Myers Industries’ Engineered Products Segment.

TMD is a full-service automotive supplier that designs, develops and manufactures highly engineered thermoplastic components and assemblies, including interior cockpit modules and air and fluid management products. TMD has approximately 1,500 employees and operates out of eight facilities in Ohio.

Vitex Packaging Group (portfolio company of Kirtland Capital)

Flambeau Inc.

Western Reserve Partners served as exclusive financial advisor to Flambeau Inc. in its purchase of Partners in Plastics LLC. Flambeau purchased Partners in Plastics out of receivership from Key Bank in Cleveland, Ohio.

Based in Sharon Center, Ohio, Partners in Plastics was founded in 1993 as a blow molder for Step2 Co. Since then, the company has grown to be a major industrial blow molder serving the Midwest and Northeastern U.S. in the healthcare, lawn and garden, agriculture, consumer products, industrial and fuel tank markets.

Flambeau is a Baraboo, Wisconsin-based manufacturer of plastic products. It is a member of the Nordic Group of Companies, Ltd., a family-owned holding / management company consisting of subsidiaries with 22 service and manufacturing facilities around the world.

“This acquisition allows us to better serve our contract customers with additional blow molding capacity in Ohio and the Midwest,” said Jason Sauey, President of Flambeau. “We look to expand our support of more customers and applications with the additional reach and capacity this acquisition provides.”

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The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.The testimonials are not paid and are not indicative of future performance or success.

Network Polymers, Inc.

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WESTERN RESERVE PARTNERS, a division of Citizens Capital Markets, Inc., provides M&A, capital raising and other financial advisory services to middle market companies across a focused set of industry verticals. We deliver thoughtful advice, keen market insight and superior execution to our clients, both nationally and internationally, and our managing directors average nearly 30 years of experience and have directly executed more than 600 transactions throughout their careers.

Western Reserve Partners is a part of Citizens Financial Group, one of the oldest and largest financial institutions in the U.S. Also, as a member of Oaklins, the world’s most experienced mid-market M&A advisory organization, Western Reserve Partners has unparalleled access to global companies and investors.